Lyntris (NYSE:LYNX) Coverage Initiated at Citigroup

Equities research analysts at Citigroup initiated coverage on shares of Lyntris (NYSE:LYNX) in a research note issued to investors on Monday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $19.00 price target on the stock. Citigroup’s price target indicates a potential upside of 49.72% from the stock’s previous close.

LYNX has been the subject of several other reports. William Blair began coverage on Lyntris in a research report on Monday. They issued an “outperform” rating for the company. Bank of America began coverage on Lyntris in a research note on Monday. They issued a “buy” rating and a $21.00 target price on the stock. Wall Street Zen upgraded shares of Lyntris to a “hold” rating in a report on Saturday, August 29th. Evercore initiated coverage on shares of Lyntris in a report on Monday. They issued an “outperform” rating and a $22.00 price target on the stock. Finally, Guggenheim started coverage on shares of Lyntris in a research report on Monday. They issued a “buy” rating and a $20.00 price objective on the stock. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $20.17.

Lyntris Price Performance

Lyntris stock opened at $12.69 on Monday. Lyntris has a twelve month low of $12.21 and a twelve month high of $16.00.

Insider Activity

In related news, major shareholder Trive Capital Holdings Llc sold 8,333,333 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $17.50, for a total value of $145,833,327.50. Following the completion of the transaction, the insider directly owned 11,966,544 shares of the company’s stock, valued at $209,414,520. This trade represents a 41.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Matthew Alty sold 238,583 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $16.45, for a total transaction of $3,924,690.35. Following the sale, the president directly owned 1,789,377 shares in the company, valued at approximately $29,435,251.65. This represents a 11.76% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 8,912,282 shares of company stock valued at $155,357,039.

About Lyntris

Lyntris Inc is a defense technology company delivering sense-to-act connectivity solutions for the modern, connected battlespace. Lyntris Inc is based in WASHINGTON.